Luokung Technology Corp. (NASDAQ: LKCO), a leading provider of spatial-temporal intelligent big data services and interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, announced today that it has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement. The company received a letter from Nasdaq on October 1, 2024, notifying them of their compliance. As of September 30, 2024, the company’s closing bid price for ordinary shares met the $1.00 per share minimum requirement for 10 consecutive business days. Nasdaq stated that Luokung has regained compliance with Nasdaq Marketplace Rule 5550(a)(2) and considers the matter closed.
ABOUT LUOKUNG TECHNOLOGY CORP.
Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Leveraging proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems. The company actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: .
CONTACT:
The Company:
Mr. Jian Zhang
Chief Financial Officer
Tel: +86-10-6506-5217
Email:
